Graham Capital Management, L.P. Options Holdings

Graham Capital Management, L.P.

  • $5.17 Billion
  • Q2 2025

Options Holdings Table

Stock Option Type Value Options Held Last Trade Trade History
MSTR
Microstrategy Inc

Technology
PUT
$1.71 Billion
4.24M
Q2 2025
Reduced 8.25%
IWM
Ishares Russell 2000 ETF

ETFs
PUT
$508 Million
2.35M
Q2 2025
Reduced 11.11%
SPY
Spdr S&P 500 ETF Trust

ETFs
PUT
$216 Million
350K
Q2 2025
Added 670.93%
QQQ
Invesco Qqq Trust, Series 1

ETFs
PUT
$152 Million
275K
Q2 2025
New holding
SLV
I Shares Silver Trust

ETFs
CALL
$76.3 Million
2.33M
Q2 2025
Added 3776.67%
MARA
Marathon Digital Holdings, Inc.

Financial Services
PUT
$61.6 Million
2.73M
Q4 2024
Added 24.37%
TLT
Ishares Barclays 20+ Year Trea

ETFs
PUT
$57.4 Million
650K
Q2 2025
Reduced 16.03%
BITO
Proshares Tr Bitcoin Strategy

ETFs
PUT
$53.8 Million
2.5M
Q1 2025
Reduced -0.0%
PCT
Pure Cycle Technologies, Inc.

Industrials
PUT
$47.6 Million
3.48M
Q2 2025
Added 198.15%
EOSE
Eos Energy Enterprises, Inc.

Industrials
PUT
$38.9 Million
7.6M
Q2 2025
New holding
RUN
Sunrun Inc.

Technology
PUT
$19.4 Million
2.38M
Q2 2025
New holding
AAPL
Apple Inc.

Technology
PUT
$18.5 Million
90K
Q2 2025
New holding
NVAX
Novavax Inc

Healthcare
PUT
$15.4 Million
2.45M
Q2 2025
Added 451.78%
GRPN
Groupon, Inc.

Communication Services
PUT
$14.2 Million
425K
Q2 2025
New holding
APLD
Applied Blockchain, Inc.

Financial Services
PUT
$13.3 Million
1.32M
Q2 2025
New holding
SATS
Echo Star Corp

Technology
PUT
$12 Million
433K
Q2 2025
New holding
PCT
Pure Cycle Technologies, Inc.

Industrials
CALL
$11.7 Million
853K
Q2 2025
Added 198.15%
PLUG
Plug Power Inc

Industrials
PUT
$10.3 Million
6.89M
Q2 2025
Added 144.12%
LCID
Lucid Group, Inc.

Consumer Cyclical
PUT
$8.14 Million
3.86M
Q2 2025
Added 65.21%
GPRE
Green Plains Inc.

Basic Materials
PUT
$7.76 Million
1.29M
Q2 2025
New holding
FEZ
Spdr Euro Stoxx 50 ETF

ETFs
PUT
$5.97 Million
100K
Q2 2025
New holding
GPRE
Green Plains Inc.

Basic Materials
CALL
$6.06 Million
1.01M
Q2 2025
New holding
NFE
New Fortress Energy Inc.

Utilities
PUT
$6.29 Million
1.9M
Q2 2025
New holding
QQQ
Invesco Qqq Trust, Series 1

ETFs
CALL
$5.52 Million
10K
Q2 2025
New holding
GDX
Vaneck ETF Tr Gold Miners ETF

ETFs
PUT
$5.21 Million
100K
Q2 2025
New holding
EWT
Ishares Inc Msci Taiwan ETF

ETFs
PUT
$4.62 Million
80.5K
Q2 2025
New holding
V
Visa Inc.

Financial Services
PUT
$3.55 Million
10K
Q2 2025
Reduced 33.33%
XLF
Financial Sector Spdr

ETFs
PUT
$2.62 Million
50K
Q2 2025
New holding
EPD
Enterprise Products Partners L.P.

Energy
CALL
$2.33 Million
75K
Q2 2025
New holding
BBAI
Big Bear.Ai Holdings, Inc.

Technology
PUT
$1.41 Million
208K
Q2 2025
Reduced 65.42%
CRM
Salesforce, Inc.

Technology
CALL
$681,000
2.5K
Q2 2025
New holding
BE
Bloom Energy Corp

Industrials
PUT
$2,000
100
Q2 2025
New holding
GME
Game Stop Corp.

Consumer Cyclical
PUT
$24,000
1K
Q2 2025
New holding
Barrick Mng Corp
CALL
$0
184K
Q2 2025
New holding
Asset Entities Inc
PUT
$0
110K
Q2 2025
New holding
U
Unity Software Inc.

Technology
CALL
$12,000
500
Q2 2025
New holding
Calumet Inc
PUT
$0
2.61M
Q2 2025
Added 30.54%
DUOL
Duolingo, Inc.

Technology
PUT
$82,000
200
Q2 2025
New holding
Fidelity Wise Origin Bitcoin
PUT
$0
1.08M
Q2 2025
New holding
Pagaya Technologies LTD
PUT
$0
124K
Q4 2024
Added 4.2%
Bitdeer Technologies Group
PUT
$0
431K
Q2 2025
New holding
Virgin Galactic Holdings Inc
PUT
$0
1.19M
Q2 2025
New holding
Ishares Bitcoin Trust ETF
PUT
$0
2.51M
Q2 2025
Added 9.01%

Summary

  • Portfolio
  • No. of Stocks 1,264
  • Current Value $5.17 Billion
  • Prior Value $4.38 Billion
  • Filing
  • Period Q2 2025
  • Filing Date August 14, 2025
  • Form Type 13F-HR
  • Activity in Q2 2025
  • New Purchases 426 stocks
  • Additional Purchases 343 stocks
  • Sold out of 0 stocks
  • Reduced holdings in 448 stocks
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